Fifth Third Auto Financing: Everything You Need to Know
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Fifth Third Auto Financing offers flexible loan terms up to 75 months, relationship-based discounts, no prepayment penalty, and in-branch service for eligible borrowers.
Fifth Third offers relationship-based discounts and flexible options that can be useful for certain borrowers.
Relationship Discounts
Borrowers can receive a 0.25% rate discount for automatic payments from a Fifth Third checking account and may qualify for additional discounts based on their checking relationship.
Refinance Incentive
You may get an additional 0.25% discount when refinancing a non-Fifth Third auto loan to Fifth Third.
Flexible Terms
Loan terms range from 12 to 75 months, which lets borrowers choose shorter payoff schedules or longer payments to lower monthly costs.
No Prepayment Penalty
Fifth Third generally allows early payoff without a prepayment penalty so you can reduce interest by paying principal early.
Dealer Participation
Fifth Third works with participating dealerships so you can often arrange financing while you are at the dealer for a convenient buying experience.
Pros
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Relationship Discounts
Offers autopay and refinance discounts that can lower your APR if you bank with Fifth Third.
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Flexible Terms
Loan terms up to 75 months give options for lower monthly payments or faster payoff.
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No Prepayment Penalty
Allows borrowers to pay off loans early without extra fees to reduce interest costs.
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Dealer Network
Financing may be available directly at participating dealerships for a convenient buying process.
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